Stocks have rallied on rate hikes in 2022, but history suggests another reactionary spike is unlikely, says investment firm

[view original post]

Motley Fool

Why Roku Stock Soared 6.5% Today

Shares of streaming TV leader Roku (NASDAQ: ROKU) are winning the ratings wars today — at least among investors — and you can thank Ark Invest CEO Cathie Wood for that. As revealed on the Ark funds website late last night, the growth investing icon spent nearly $47 million snapping up more than 584,500 shares of Roku yesterday. Today, despite two other Wall Street analysts cutting their price targets on Roku (according to The Fly), the stock is on a tear — up 6.5% as of 10:40 a.m. ET.